Camposol, a leading fresh-produce company based in Peru, has officially appointed Ricardo Naranjo as the permanent CEO, after serving as interim chief executive.
Naranjo has taken over the helm since June, following the resignation of former CEO José Antonio Gómez.
Gómez submitted his resignation on June 3. Camposol did not specify the reasons behind his departure in the statement released.
In his LinkedIn post, Naranjo expressed, “Today I am proud to share that I have been endorsed as the new CEO of Camposol, a challenge that I embrace with enthusiasm, responsibility, and the commitment to improve lives.”
The board of directors stated that they “unanimously endorsed Ricardo’s appointment, fully confident in his ability to create value and drive sustainable growth.”
As part of the leadership transition, Samuel Dyer Coriat will resign from his role as executive chairman of the board while remaining as chairman. This decision underscores the company’s “commitment to enhancing executive leadership under Ricardo’s guidance.”
Dyer Coriat extended “his best wishes to Ricardo for continued success in this important role.”
He further added, “Ricardo has shown extraordinary dedication and commitment to our mission of improving lives through agriculture. I am confident that his leadership will steer Camposol towards even greater achievements as we consolidate our growth and explore new opportunities.”
Naranjo previously served as the finance chief for Camposol since November 2023, and he has extensive experience in the agribusiness sector, including a five-and-a-half-year tenure as CFO at San José Farms.
Prior to that, he held roles as director and CFO of Inversiones Ultramar’s Colombian subsidiary from 2014 to 2018 and has accumulated management and finance experience since 2009.
Camposol operates across the fruit production supply chain—covering growing, processing, harvesting, and marketing—with a product range that includes blueberries, avocados, mandarins, grapes, and mangoes.
The company has operational facilities in Peru, Colombia, Uruguay, Chile, and Mexico, along with distribution centers in North America, Europe, and Asia.
In the previous year, Camposol recorded sales of $464.4 million, which remained stable compared to the previous year. Conversely, its EBITDA surged by over 76%, reaching $109.4 million, with margins nearly doubling to 23.6% from 13.4%.
For fiscal year 2024, Camposol’s third-quarter financial results, announced in November, reflected a net profit growth to $32.7 million—a 65% increase compared to the same period in 2023. EBITDA for Q3 also showed significant growth, hitting $102.6 million, up 96% year-on-year, with total sales climbing to $302 million, a 14% increase compared to the previous year.
